The Anti-Corruption Commission (ACC) today filed a corruption case against 11 individuals, including a managing director and four general managers of Agrani Bank, over a massive loan scam and embezzlement of funds.

ACC Director General (Prevention) Md Akhter Hossain briefed journalists at the commission’s headquarters, revealing that the case involves a loan of Tk 51 crore taken by an organization named Messer’s Mizan Traders for Jasmir Vegetable Oil Limited, a sister concern of Nurjahan Group, from Agrani Bank’s Chattogram Asadganj branch on May 17, 2010. The total outstanding loan now stands at Tk 189.80 crore.

Investigations showed the loan was sanctioned unusually quickly after opening an account, with key bank officials—including the principal officer, assistant general manager, and general managers—recommending approval. The bank’s Board of Directors later approved the loan, which was operated under the name of Mizanur Rahman, an employee of Jasmir Vegetable Oil Limited, instead of the company’s managing director.

The accused include former MD and COO Syed Abdul Hamid, former principal officer and GM Mostak Ahmed, former DGMs Md Abul Hossain Talukder and Tajrina Ferdaus, former GMs Md Obaidullah Al Masud, Mohammad Shams-ul-Islam, Md Mofazzal Hossain, owner of Messer’s Mizan Traders Md Mizanur Rahman, managing director of Jasmir Vegetable Oil Zahir Ahmed, and two bank directors Tipu Sultan and Farhad Monwar.

The ACC filed the case under Section 5(2) of the Corruption Prevention Act-1947 and Sections 409/109 of the Bangladesh Penal Code.

MN/